March 2017

Section 68, Section 147, Section 263

Calcutta H.C : The alleged lack of proper enquiries as to the issue of share capital/ premium in the course of proceedings under section 147 cannot be considered as erroneous and prejudicial to the interest of revenue when reopening was done for the specific purpose unconnected with the issue of share capital/premium

High Court Of Calcutta Success Tours & Travels (P.) Ltd. vs. ITO, Ward-9(4), Kolkata Section 68, 263, 147 Assessment year

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